Kelvin Pennington is the Managing Principal of Pennington Partners & Co. and has been a general partner of PENMAN Asset Management, L.P., the general partner for the PENMAN Fund, since 1991. From 1982 to 1990, Mr. Pennington worked for Prudential Capital Corp. (PCC), from which he resigned as a Vice President of Corporate Finance in 1990.
While at PCC, his responsibilities included all aspects of originating, structuring, negotiating, managing and ultimately selling investments in middle market leveraged buyouts, as well as making private placements of corporate debt. From 1985 to 1989, Mr. Pennington invested more than $577 million in a variety of transactions, including nine leveraged buyouts totaling $157 million of equity and mezzanine capital.
Mr. Pennington received a bachelor's degree in Industrial Management from Purdue University and an MBA from the University of Chicago Graduate School of Business.